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Croy Inc. has the following projected sales for the next five months: Month April May...

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Accounting

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Croy Inc. has the following projected sales for the next five months: Month April May June July August Sales in Units 3,550 3,820 4,520 4,190 3,990 Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct materials costs $3.20 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month's production needs on hand at the end of each month. Direct materials on hand at March 31 totaled 3,685 pounds. Required: 1. Determine budgeted production for April, May, and June. 2. Determine budgeted cost of materials purchased for April and May

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